Millennium Investment & Acquisition Company Inc
Millennium Investment and Acquisition Co. Inc. (ticker: MILC) MILC has three assets: 1) Activated Carbon ("AC") plant located in Kawaihae, Hawaii 2) SMC Global ("SMC") - India financial services firm 3) Approximately $2 million of cash and short term investments (zero debt) Investors in MILC can gain exposure to Alternative Energy and India which are two potentially appealing investment all… Read more
Millennium Investment & Acquisition Company Inc (MILC) - Net Assets
Latest net assets as of September 2022: $-11.55 Million USD
Based on the latest financial reports, Millennium Investment & Acquisition Company Inc (MILC) has net assets worth $-11.55 Million USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($34.97 Million) and total liabilities ($46.51 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-11.55 Million |
| % of Total Assets | -33.02% |
| Annual Growth Rate | 33.21% |
| 5-Year Change | -94.33% |
| 10-Year Change | -97.81% |
| Growth Volatility | 53737.62 |
Millennium Investment & Acquisition Company Inc - Net Assets Trend (2005–2021)
This chart illustrates how Millennium Investment & Acquisition Company Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Millennium Investment & Acquisition Company Inc (2005–2021)
The table below shows the annual net assets of Millennium Investment & Acquisition Company Inc from 2005 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $1.92 Million | -79.01% |
| 2020-12-31 | $9.13 Million | -51.87% |
| 2019-12-31 | $18.97 Million | -39.86% |
| 2018-12-31 | $31.55 Million | -6.64% |
| 2017-12-31 | $33.79 Million | +31.96% |
| 2016-12-31 | $25.61 Million | +2.03% |
| 2015-12-31 | $25.10 Million | +184.14% |
| 2014-12-31 | $8.83 Million | +18.01% |
| 2013-12-31 | $7.48 Million | -91.44% |
| 2012-12-31 | $87.41 Million | -2.96% |
| 2011-12-31 | $90.07 Million | -5.91% |
| 2009-12-31 | $95.73 Million | +422.90% |
| 2008-12-31 | $18.31 Million | -68.05% |
| 2007-12-31 | $57.30 Million | +36.31% |
| 2006-12-31 | $42.03 Million | +215454.13% |
| 2005-12-31 | $19.50K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Millennium Investment & Acquisition Company Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5047839200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.10K | 0.06% |
| Other Components | $52.40 Million | 2733.11% |
| Total Equity | $1.92 Million | 100.00% |
Millennium Investment & Acquisition Company Inc Competitors by Market Cap
The table below lists competitors of Millennium Investment & Acquisition Company Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Universal Global Hub Inc
PINK:UGHB
|
$989.05 |
|
Holde Agri Invest Sa
RO:HAI
|
$989.87 |
|
Aenza S.A.A.
LIM:AENZAC1
|
$990.74 |
|
MEDCO ENERGI INTL
MU:MEF
|
$992.80 |
|
IXICO PLC
LSE:IXI
|
$986.57 |
|
Hatton Plantations Ltd
CM:HPLN0000
|
$983.81 |
|
FVE
WAR:FVE
|
$983.68 |
|
Baillie Gifford Japan Trust
LSE:BGFD
|
$982.28 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Millennium Investment & Acquisition Company Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 9,132,413 to 1,917,229, a change of -7,215,184 (-79.0%).
- Net loss of 7,215,184 reduced equity.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.22 Million | -376.33% |
| Total Change | $- | -79.01% |
Book Value vs Market Value Analysis
This analysis compares Millennium Investment & Acquisition Company Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $0.01 | $0.00 | x |
| 2006-12-31 | $5.16 | $0.00 | x |
| 2007-12-31 | $7.39 | $0.00 | x |
| 2008-12-31 | $1.55 | $0.00 | x |
| 2009-12-31 | $8.36 | $0.00 | x |
| 2011-12-31 | $7.63 | $0.00 | x |
| 2012-12-31 | $0.78 | $0.00 | x |
| 2013-12-31 | $0.91 | $0.00 | x |
| 2014-12-31 | $1.05 | $0.00 | x |
| 2015-12-31 | $2.29 | $0.00 | x |
| 2016-12-31 | $2.51 | $0.00 | x |
| 2017-12-31 | $3.06 | $0.00 | x |
| 2018-12-31 | $2.81 | $0.00 | x |
| 2019-12-31 | $1.73 | $0.00 | x |
| 2020-12-31 | $0.83 | $0.00 | x |
| 2021-12-31 | $0.17 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Millennium Investment & Acquisition Company Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -376.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17269.47%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 23.28x
- Recent ROE (-376.33%) is below the historical average (-35.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -28.21% | 0.00% | 0.00x | 12.61x | $-7.45K |
| 2006 | -5.56% | -182.44% | 0.02x | 1.37x | $-6.54 Million |
| 2007 | 15.87% | 25.13% | 0.29x | 2.14x | $3.36 Million |
| 2008 | -1.19% | -4.19% | 0.16x | 1.82x | $-2.05 Million |
| 2009 | -5.05% | -7.62% | 0.35x | 1.90x | $-13.54 Million |
| 2011 | -2.13% | -3.14% | 0.31x | 2.20x | $-10.14 Million |
| 2012 | 3.67% | 5.94% | 0.34x | 1.82x | $-5.52 Million |
| 2013 | -199.01% | 0.00% | -1.82x | 1.12x | $-15.64 Million |
| 2014 | 15.26% | 101.76% | 0.15x | 1.02x | $464.92K |
| 2015 | 59.46% | 97.94% | 0.60x | 1.01x | $12.41 Million |
| 2016 | 1.99% | 56.85% | 0.03x | 1.01x | $-2.05 Million |
| 2017 | 24.22% | 96.71% | 0.25x | 1.02x | $4.81 Million |
| 2018 | -7.11% | 0.00% | -0.06x | 1.03x | $-5.40 Million |
| 2019 | -66.56% | 0.00% | -0.65x | 1.00x | $-14.53 Million |
| 2020 | 2.64% | 153.98% | 0.01x | 1.30x | $-672.50K |
| 2021 | -376.33% | -17269.47% | 0.00x | 23.28x | $-7.41 Million |
Industry Comparison
This section compares Millennium Investment & Acquisition Company Inc's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $548,450,613
- Average return on equity (ROE) among peers: -450.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Millennium Investment & Acquisition Company Inc (MILC) | $-11.55 Million | -28.21% | N/A | $988.99 |
| Ascend Wellness Holdings Inc (AAWH) | $142.87 Million | -33.75% | 5.44x | $48.90 Million |
| AB Science S.A (ABSCF) | $10.73 Million | -252.65% | 3.71x | $39.89 Million |
| Alterola Biotech Inc (ABTI) | $4.85K | -2005.32% | 0.49x | $603.58K |
| Aurora Cannabis Inc (ACB) | $2.04 Billion | -34.08% | 0.34x | $199.15 Million |
| Acreage Holdings Inc (ACRDF) | $204.27 Million | -30.85% | 1.41x | $13.48K |
| Acura Pharmaceuticals Inc (ACUR) | $7.90 Million | -63.15% | 1.15x | $13.20K |
| Agra Ventures Ltd. (AGFAF) | $1.51 Million | -44.22% | 0.06x | $298.23K |
| Allergy Therapeutics plc (AGYTF) | $2.07 Million | -2084.75% | 31.32x | $25.30 Million |
| Aida Pharmaceuticals Inc (AIDA) | $6.67 Million | 24.51% | 2.78x | $1.80 |
| Adcock Ingram Holdings Limited (AIHLF) | $3.07 Billion | 20.55% | 0.55x | $85.61 Million |